Abstract: The invention is directed to a weight for a fishing line and a method of weighting a fishing line with a sinker. One embodiment of the invention is directed to a weight for a fishing line comprising a length of metallic, inelastic material, the length of material configured into the shape of a coil having an internal coil diameter adapted to accommodate fishing line, the coil comprising a series of loops wherein the spacing between each pair of adjacent loops can be altered by manual application of a transient longitudinal, transverse, or rotational force. The coil may be configured in the field such that it acts as a pure “slip” sinker, it can be partially restrained, or it can be fully immobilized at a given point on the fishing line.